Here's the news: http://www.courthousenews.com/2016/09/21/oakland-m...Here's the actual update to the ordinance: http://files.constantcontact.com/6ed57cf7001/beee5...

It seems very arbitrary. http://www.seattletimes.com/seattle-news/eastside/...

(bad news) the 30k the loan was reduced by was not forgiven, it was only forborne.

Also, make sure they will address any issues that may come into play in the future, i.e. news coverage.It's worth a few bucks to cover your assets. 

The news gal probably just got the information off the Commission's website where such findings are usually made public. 

The good news is the error is in my favor as my tax guy didn't carry over unallowed passive losses and then didn't apply them to a property sale last year.

If my super-brief research is correct (http://azbigmedia.com/azre-magazine/brokerage-news...), at the 2014 $1,159,500 purchase price, I can see a fair-to-good CoC return with only 20% down, depending on additional terms, fees, and running costs.

The good news is that I still made a profit, although smaller than I planned, and I got one heck of an education in the process. 

Here's a link to the article is anyone's interested:  http://www.wenatcheeworld.com/news/2016/sep/10/ret...If he owned in his personal name and they passed to his estate, his heirs would face no taxable gain if they sold soon after his death as far as I know.   

Keep your fingers crossed that the rush to buy land, any land on dry ground, South of Progress Village and Bloomindale continues because companies like Amazon pay outrageous prices for raw land just South of you in Ruskin to build enormous warehouse busineseshttp://www.tampabay.com/news/business/realestate/a...and that the Port of Manatee will be built out, like planned, to be a big container port for the Panamax ships that will be sailing into Tampa Bay to offload everything from China.